Oliveti Construction Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04341581

OLIVETI CONSTRUCTION LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 August 2025

OLIVETI CONSTRUCTION LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2025

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

OLIVETI CONSTRUCTION LIMITED

OFFICERS AND PROFESSIONAL ADVISERS

The board of directors	G P Smith
	W Armsden
	G Oliveti

Registered office	Stonecroft House
	Ervington Court
	Meridian Business Park
	Leicester
	LE19 1WL

Accountants	Wilkins Southworth
	Chartered Certified Accountants
	10-12 High Street
	Barnes
	London
	SW13 9LW

OLIVETI CONSTRUCTION LIMITED

STATEMENT OF FINANCIAL POSITION

31 August 2025

	2025		2024
Note	£	£	£

FIXED ASSETS

Tangible assets	6	623,737	620,677
Investments	7	275,000	275,000
		-----------	-----------
		898,737	895,677

CURRENT ASSETS

Stocks	8	3,450	5,075
Debtors	9	3,895,069	2,762,532
Cash at bank and in hand		153,412	522,438
		--------------	--------------
		4,051,931	3,290,045

CREDITORS: amounts falling due within one year	10	( 3,521,469)		( 2,589,445)
		--------------		--------------
NET CURRENT ASSETS			530,462	700,600
			--------------	--------------
TOTAL ASSETS LESS CURRENT LIABILITIES			1,429,199	1,596,277

CREDITORS: amounts falling due after more than one year	11	( 218,026)	( 303,099)
		--------------	--------------
NET ASSETS		1,211,173	1,293,178
		--------------	--------------

CAPITAL AND RESERVES

Called up share capital	50,000	50,000
Profit and loss account	1,161,173	1,243,178
	--------------	--------------
SHAREHOLDERS FUNDS	1,211,173	1,293,178
	--------------	--------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

OLIVETI CONSTRUCTION LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 August 2025

For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 26 August 2026 , and are signed on behalf of the board by:

G Oliveti

Director

Company registration number: 04341581

OLIVETI CONSTRUCTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Stonecroft House, Ervington Court, Meridian Business Park, Leicester, LE19 1WL.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	10% straight line
Motor vehicles	-	25% straight line

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Construction contracts

Where the outcome of construction contracts can be reliably estimated, contract revenue and contract costs are recognised by reference to the stage of completion of the contract activity as at the period end. Where the outcome of construction contracts cannot be estimated reliably, revenue is recognised to the extent of contract costs incurred that it is probable will be recoverable, and contract costs are recognised as an expense in the period in which they are incurred. The entity uses the percentage of completion method to determine the amounts to be recognised in the period. The stage of completion is measured by reference to the contract costs incurred up to the end of the reporting period as a percentage of total estimated costs for each contract. Costs incurred for work performed to date do not include costs relating to future activity, such as for materials or prepayments.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 42 (2024: 46 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 September 2024 and 31 August 2025	15,000
	---------
Amortisation
At 1 September 2024 and 31 August 2025	15,000
	---------
Carrying amount
At 31 August 2025	–
	---------
At 31 August 2024	–
	---------

6. Tangible assets

	Freehold property	Plant and machinery	Motor vehicles	Total
	£	£	£	£
Cost
At 1 September 2024	562,902	233,199	101,974	898,075
Additions	–	32,798	–	32,798
Disposals	–	–	( 10,000)	( 10,000)
	-----------	-----------	-----------	-----------
At 31 August 2025	562,902	265,997	91,974	920,873
	-----------	-----------	-----------	-----------
Depreciation
At 1 September 2024	–	215,699	61,699	277,398
Charge for the year	–	21,547	8,191	29,738
Disposals	–	–	( 10,000)	( 10,000)
	-----------	-----------	-----------	-----------
At 31 August 2025	–	237,246	59,890	297,136
	-----------	-----------	-----------	-----------
Carrying amount
At 31 August 2025	562,902	28,751	32,084	623,737
	-----------	-----------	-----------	-----------
At 31 August 2024	562,902	17,500	40,275	620,677
	-----------	-----------	-----------	-----------

7. Investments

	Other investments other than loans
	£
Cost
At 1 September 2024 and 31 August 2025	275,000
	-----------
Impairment
At 1 September 2024 and 31 August 2025	–
	-----------

Carrying amount
At 31 August 2025	275,000
	-----------
At 31 August 2024	275,000
	-----------

8. Stocks

	2025	2024
	£	£
Raw materials and consumables	3,450	5,075
	--------	--------

9. Debtors

	2025	2024
	£	£
Trade debtors	3,604,825	2,629,985
Other debtors	290,244	132,547
	--------------	--------------
	3,895,069	2,762,532
	--------------	--------------

10. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	76,882	89,693
Trade creditors	2,236,593	1,715,838
Corporation tax	18,940	156,319
Social security and other taxes	721,330	431,833
Other creditors	467,724	195,762
	--------------	--------------
	3,521,469	2,589,445
	--------------	--------------

11. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	193,451	270,333
Other creditors	24,575	32,766
	-----------	-----------
	218,026	303,099
	-----------	-----------

A commercial mortgage initiated with Lloyds Bank plc in August 2015 is repayable over 15 years. Interest is payable at a fixed rate of 5.18% and is secured against the company's freehold offices.

12. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	104,405	92,593
Later than 1 year and not later than 5 years	218,877	235,943
	-----------	-----------
	323,282	328,536
	-----------	-----------

13. Directors' advances, credits and guarantees

14. Controlling party

G Oliveti is the company's ultimate controlling party by virtue of his effective control of the parent holding company Oliveti Group Ltd. Oliveti Group Ltd is a private limited company incorporated in England and Wales and the address of its registered office is Stonecroft House, Ervington Court, Meridian Business Park, Leicester, LE19 1WL.